They say “Tis the season to be jolly”. Unfortunately, for some associations, owners are the exact opposite.
Recently I received an inquiry from a homeowner requesting information on how to remove the board of directors of his association. The board for his association recently sent out a proposed budget with a large increase. He does not … Read More ›
As you are aware, boards consist of volunteer members serving to make the association a better place to live. As volunteers, we have noticed common mistakes made by board members in fulfilling their responsibilities.
The following is a list of the top four mistakes made by board members in administering the affairs of an association:
Failure to … Read More ›
I recently served as a panelist at the Community Association Institute’s annual trade show. The topic was reasonable reserves for Associations. When looking at the long-term existence of an Association, reserve accounts are a critical topic for consideration.
If you reside in a Condominium Association, Section 9(c)(2) of the Illinois Condominium Property Act (“Act”) requires that … Read More ›
I recently spoke at a seminar regarding fiduciary responsibility of Board members. During the seminar, I explained the different legal requirements of Board members, depending on whether they serve on a Board for a condominium, townhouse or homeowners association. I inquired as to how many Board members present resided in a condominium, townhouse or homeowners … Read More ›